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Empower reports lower bottom line in 3Q 2024 + Lucid Motors losses widen
EMPOWER- The Emirates Central Cooling Systems (Empower) saw its net income fall 6% y-o-y to 264.9 mn in 3Q, while…
UAE commits to cut carbon emissions by 47% by 2035
The UAE aims to reduce power sector’s emissions by 50%
TODAY: UAE publishes new NDC pledging 47% cut in emissions + EBRD to back two renewables projects in Egypt
What we’re tracking this morning regionally and around the world
Ta’ziz advances low-carbon methanol and ammonia ambitions
Stories on our radar this morning from around the region
Mercantile & Maritime Group to set up biofuel plant in UAE
The biofuel facility will produce up to 150 mn liters of sustainable aviation fuel (SAF) annually
TODAY: UAE to get region’s first sustainable aviation fuel plant in 2026 + KSA launches 8 GWh battery storage tender
What we’re tracking this morning regionally and around the world
Madkour awarded grid contract
Stories on our radar this morning from around the region
UAE to tap into AI’s potential in energy transition + Masdar, Adnoc and Microsoft partner on AI and low-carbon solutions
The agreement aims to power Microsoft’s data centers with renewable energy from Masdar
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